Ahasolar Technologies IPO

Ahasolar Technologies IPO will open for subscription from 10 July 2023. the company aims for an issue size of ₹12.85 Cr through this IPO.

Company Overview

Full nameAhasolar Technologies Limited
SectorInformation Technology
Company Websitehttps://www.ahasolar.in/

About Company

Incorporated in 2017, Ahasolar Technologies is engaged in the business of CleanTech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. It has developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management, and monitor generation along with an integrated Marketplace to connect the demand & supply digitally. Apart from this, another SaaS product is for the governments to implement the distributed renewable program in their services area.

The business of the company can be divided into the following segments:

  • Solar Software Service
  • Solar Marketplace
  • Solar Advisory and Consultancy Service

Ahasolar Technologies has been working with multiple national, international, government, and private companies in enabling them to accelerate the adoption of solar through its solutions. The products of Ahasolar Technologies are offered under the names:

  • AHA! Rooftop Solar Helper
  • AHA! Rooftop Solar Helper (Pro)

Through its advisory services, the company has footprints across India and currently working with 38 cities to transform them into solar cities and enable the growth of solar namely in Gujarat, Punjab, Uttar Pradesh, Goa, Maharashtra, Telangana, Uttrakhand, Jharkhand, Delhi/NCR, Odisha, Karnataka, Kerala, J&K, etc.

The Objective of the Issue

  • Development of Solar PV Plant
  • Setting up of Electric Vehicle Charging Infrastructure
  • Purchase of Electric Vehicle
  • To Meet Working Capital Requirements
  • General Corporate Purpose
  • To meet Public Issue Expenses

IPO Timetable

IPO Opening date10 July 2023
IPO Closing13 July 2023
Basis of Allotment18 July 2023
Initiation Refund19 July 2023
Credit to Demat Account20 July 2023
Listing Date21 July 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹12.85 Cr – 818,400 shares
Fresh Issue₹12.85 Cr – 818,400 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹157 per share
Lot size800 Shares
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)1800₹125,600
Retail (Max)1800₹125,600
HNI (Min)21,600₹251,200

Reservation Details

Other Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2021FY 2022FY 2023
Net income7.9168.63176.38
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio19.77
RONW (%)87.2019.9543.54
ROCE (%)36.12108.1363.53
EBITDA (%)5.825.489.20

Company Promoters

  • Mr. Piyushkumar Vasantlal Bhatt
  • Mr. Pulkit Dhingra
  • Mr. Shatrughan Harinarayan Yadav
  • Mr. Vipin Sharma

Promoter Holding

Pre Issue Share Holding50.31%
Post Issue Share Holding

Lead Manager(s)

807, Phoenix, Opp. Girish Cold Drinks,
Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009
Phone: +91-79-4840 5357
Email: mb@beelinemb.com
Website: www.beelinemb.com

IPO Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: ahasolar.ipo@kfintech.com
Website: www.kfintech.com

Contact Details

Office No. 207, Kalasagar Shopping Hub,
Opp. Saibaba Temple, Sattadhar Cross Road,
Ghatlodiya, Ahmedabad, Gujarat, India – 380061
Phone: 079-40394029
E-mail: compliance@ahasolar.in
Website: www.ahasolar.in

Allotment Status

Ahasolar Technologies IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Ahasolar Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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